Malaysia's TNB acquires 80% in two UK renewable energy firms for $235.6m

Malaysia's TNB acquires 80% in two UK renewable energy firms for $235.6m

Malaysian state-owned power company Tenaga Nasional Bhd (TNB) has acquired 80 per cent stake in two UK-based renewable energy companies — GVO Wind Ltd and Bluemerang Capital Ltd  – for an enterprise value of about $235.6 million (RM923 million).

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